Bitcoin Hashrate Drops 33%
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The total hashrate of the Bitcoin network, the largest crypto by market capitalization, has suffered a 33% drop.

The decline has coincided with cold weather in Texas, resulting in local miners disconnecting from the power grid at the request of the state's grid regulator.

According to BitinfoCharts, the indicator has decreased from 606 EH/s (as of January 13) to 401 EH/s.

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In particular, mining pool Foundry USA Pool has been the biggest contributor to the drop, as, according to MiningPoolStats, the hashrate controlled by the structure fell during this period from 157 EH/s to 85 EH/s.

Texas has become one of the largest crypto mining centers in the world following China's ban on the activity. In September last year, about 28% of Foundry USA Pool participants' capacity was located in this US state.

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